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Q4 2024 Earnings — Results of Operations, Reg FD Disclosure, Other Events
Filed February 11, 2025
First full year of GAAP profitability marks a major milestone for DoorDash, with Q4 net income of $141 million (vs. a $154 million loss a year ago) and Adjusted EBITDA surging 56% Y/Y to $566 million on 25% revenue growth to $2.9 billion. The flywheel is spinning — monthly active users hit an all-time high of 42 million, DashPass/Wolt+ members grew to 22 million, and international order growth is outpacing the U.S., signaling DoorDash is successfully scaling beyond its core domestic restaurant business while expanding margins.
Filing Items
Item 2.02 — Results of Operations
The company is reporting its quarterly or annual financial results. This is the filing that accompanies an earnings call.
Item 7.01 — Reg FD Disclosure
Information shared at an investor day, conference, or guidance update. Regulation FD requires companies to disclose material information to all investors simultaneously.
Item 8.01 — Other Events
A catch-all for material events the company wants to disclose, such as strategic updates, leadership changes, or corporate actions.
Item 9.01 — Financial Statements
Financial statements and exhibits are attached to this filing. Usually accompanies other items rather than standing alone.
Extracted Milestones (5)
DashPass and Wolt+ Combined Membership Surpasses 22 Million
DoorDash exited 2024 with over 22 million DashPass and Wolt+ members, up from over 18 million at the end of 2023, reflecting sustained subscription product growth across U.S. and international markets.
New Verticals Reach 25%+ Monthly Active User Penetration on U.S. Marketplace
In December 2024, over 25% of DoorDash MAUs ordered from at least one new verticals category (e.g., grocery, convenience, retail), up from over 20% in December 2023, indicating meaningful category expansion traction.
Advertising Revenue Identified as Material Growth Driver on DoorDash Platform
DoorDash's Q4 2024 revenue growth was driven in part by growth in advertising revenue, confirming the ads platform as a scaled and expanding product line on the marketplace.
International Marketplace Merchant Selection Grows 25%+ Year-Over-Year
DoorDash grew merchant selection across its international marketplaces by over 25% year-over-year in 2024, spanning both restaurant and new verticals categories, supporting record new consumer acquisition internationally.
Thousands of New Grocery Stores Added to U.S. Marketplace in 2024
DoorDash expanded its U.S. grocery selection by adding thousands of new grocery store partners to its marketplace throughout 2024, broadening its non-restaurant vertical coverage.